Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
L'Air liquide Belge from Zaventem, company number BE0404222556, closed financial year 2025 with a result of € 937,675 after tax. For that financial year L'Air liquide Belge recorded revenue of € 126.7 million and equity of € 43.8 million. Compared with financial year 2024, the result moved from € 34.8 million to € 937,675. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 43.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 937,675
▼ 97% vs 2024
Profit after tax over the fiscal year.
€ 36,082
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 36.1 million.
People and assets in 2025
304.7
▲ 43.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 38.3 million
▲ 16% vs 2024
€ 125,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.4 million
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.6 million
Loans from banks and other lenders, long and short.
€ 20.8 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 10.2 million
▲ 52% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 123,050,282 | € 144,826,156 | € 131,529,046 | € 126,725,914 | ▼ 4% |
| Profit after taxes | € 8,938,028 | € 7,800,489 | € 34,758,307 | € 937,675 | ▼ 97% |
| Equity | € 29,406,425 | € 28,168,311 | € 42,897,266 | € 43,805,896 | ▲ 2% |
| Total debts | € 37,009,201 | € 46,292,610 | € 52,614,796 | € 37,346,590 | ▼ 29% |
| Cash | € 3,639 | € 16,662 | € 189,037 | € 36,082 | ▼ 81% |
| Land & buildings | € 1,331,622 | € 1,271,570 | € 1,205,037 | € 1,231,906 | ▲ 2% |
| Retained profit | € 21,635,926 | € 20,436,108 | € 35,194,107 | € 36,131,782 | ▲ 3% |
| Dividend | € 9,000,307 | € 9,000,307 | € 20,000,307 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 0 | € 0 | € 4,563,610 | |
| Balance sheet total | € 66,847,561 | € 74,912,609 | € 96,031,961 | € 86,663,397 | ▼ 10% |
| Employees (FTE) | 257.7 | 265 | 261 | 304.7 | ▲ 43.7 |
Key figures of L'Air liquide Belge, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to L'Air liquide Belge?
What happened at L'Air liquide Belge in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 937,675 (▼ 97% vs 2024). Source: NBB ↗
- Gilles LE VAN stepped down as director. NBB
- Pierre COSTA DE BEAUREGARD stepped down as director. NBB
- Vincent DAUCHY stepped down as director. NBB
- Olivier GRANDJEAN stepped down as director. NBB
- Alain LE BORGNE stepped down as director. NBB
- New establishment in Zaventem. KBO
- Gilles LE VAN became a director. NBB
In short
From € 8.9 million profit in 2022 to € 937,675 profit in 2025.
Paid € 4.6 million in corporate taxes since 2022.
Best year ever: 2024, with € 34.8 million profit.
Paid out € 38 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by AIR LIQUIDE INTERNATIONAL CORPORATION (US) (74.5%), AIR LIQUIDE INTERNATIONAL (FR) (25.4%) and AIR LIQUIDE INDUSTRIES BELGIUM (0%). It owns 99.7% of AIR LIQUIDE MEDICAL itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2026
Pierre COSTA DE BEAUREGARD
Director
since 2025 · until 2026
since 2025 · until 2026
Olivier GRANDJEAN
Director
since 2025 · until 2026
since 2025 · until 2026
Shareholders
AIR LIQUIDE INTERNATIONAL CORPORATION (US)
74.5%
AIR LIQUIDE INTERNATIONAL (FR)
25.4%
Participations
99.7%
Establishments
Establishment units
Physical locations of this company
Hermeslaan 11
1932 Zaventem
Nijverheidslaan 5
9880 Aalter
Active since 1 January 1972
Nijverheidslaan 7
9880 Aalter
Active since 1 October 1971
Atealaan 27/29
2270 Herenthout
Active since 1 October 1971
Avenue du Parc Industriel 129
4041 Herstal
Active since 14 April 1994
Diamantstraat (HRT) 8
2200 Herentals
Active since 31 October 2015
Rue Adolphe Quételet 1
7180 Seneffe
Active since 1 March 2020
Scheldelaan 600
2040 Antwerpen
Active since 1 January 2022
Square des Conduites d'Eau 7-8
4020 Liège
Active since 21 December 2021
Tolhuisstraat 46
2627 Schelle
Active since 1 January 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →HYDROWAL
€ 1.8 million revenue · 2025
AIR LIQUIDE MEDICAL same network
€ 33.6 million revenue · 2025
SUMITOMO CHEMICAL EUROPE S.A./N.V.
€ 532.8 million revenue · 2025
AIR LIQUIDE INDUSTRIES BELGIUM same network
€ 573.8 million revenue · 2025
Moore Corporate Finance
€ 7.4 million revenue · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.222.556
- VAT number
- BE 0404.222.556
- Registered office
- Hermeslaan 11, 1932 Zaventem
- Names & denominations
- L'Air liquide Belge
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 1958
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Vervaardiging van industriële gassen